Posted on 07/21/2011 6:39:47 AM PDT by Vintage Freeper
Tim Geithner is the boy who cried wolf.
Absolutely nothing! Say it again!
Supposedly, we’ll have to cut 45% of government spending. will never happen, but we can dream.
Look at Iceland, they’ve already gotten over their default. Within a few years a default would be a fart in a windstorm.
Iceland didn’t default. They simply refused to pay for the losses of three privately-owned banks.
Sovereign default is a very different animal from not bailing out loser banks.
Having said that - it’s as the article says. America need not default on August 2nd. It can just cut institutions and sell assets. Hell, it could devalue the currency.
The question IS NOT "What will happen if we don't raise the debt ceiling and default on our debts", THE QUESTION IS:
"WHAT WILL HAPPEN IF WE CHOOSE TO FUND TURKEY BASTERS FOR LESBIANS, THE NATIONAL ENDOWMENT FOR THE ARTS, DUMB ASS RAIL PROJECTS, PBS AND NPR INSTEAD OF PAYING OUR DEBTS, SOCIAL SECURITY AND MEDICARE FIRST?"
Good few sentences.
Note that I do not know if there is or is not a “turkey basters for lesbians” program. I just use it as a boilerplate example of a typical government program.
This whole game is just ANOTHER scheme to extort MORE money from American taxpayers.
They tell us they’re broke and threaten to cut off the basics -the things the national government are SUPPOSED to do, according to the founders.
All the while, THEIR salaries, their special interests ALL continue - business as usual.
These folks ARE the so-called “Rich who are getting richer off of OUR backs”. WHEN WILL THE PEOPLE OF THIS NATION REALIZE THIS???
At which time the Public Employees pension funds that he has been stealing from also go bust. Can you say "House of Cards"?
Geithner is a whore. Worse yet, he's a stupid whore.
Step 1: discontinue all foreign aid; replace it with voluntary donations for specific nations/purposes.
Don't forget "TAX CHEATING"
Take Back AMERICA!
FUBO GTFO 2012 !
Yeah, but he knows how to lift a wallet!
Agreed. That is what we would do as a family, or a small group. That is what works. Do it on the big scale. It will work.
What would happen?..... our government would have to do it’s job.
They’d have to make do with what money they have within the current budget and decide which programs to cut and which to keep.
Funny how governments (local, state, and Federal) whine and complain about shortages but they always seem to find the cash somewhere when they need it or are forced to cut programs.
There is a huge amount of waste and the Feds are paying for things that they should be paying for.
Question for the Liberals: would money be better spent on the NEA, PBS, etc. or on helping the poor. No, you can’t have both. We can’t afford it right now.
Like most families, we forgo the extravagances like eating out and seeing the latest movie, if we can’t afford to pay the rent or for food. Why shouldn’t all government entities be forced to do the same?
Agree Congress didn’t raise the debt ceiling in 1995 and Absolutely nothing happened,poor media all thet hype for nothing.
And you might add political theater at its best. The debt ceiling will be raised, revenues enhanced, and vague future promises of future spening cuts will be made. Obama wins.
If by some miracle the GOP does not cave, the Ascended 0ne will manufacture a crisis, painting the GOP as the evil ones who delayed Granny's monthly check. Obama wins.
As a local radio talk show host commented earlier in the week, the 2012 election is being held now. Unfortunately 50 percent of American's want the European socialist style cradle to grave welfare state, consequences and common sense be damned.
“And you might add political theater at its best.”
Right. Republican infighting instigated by the dems, with the outcome not even in question.
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